The bank concluded that a ‘hub-and-spoke’ model between CBDC domestic systems could “reduce settlement and counterparty risk” and complete cross-border transactions in seconds. The Bank for International Settlements, or BIS, has reported it has concluded a project exploring international retail and remittance payments use cases for central bank digital currencies, or CBDCs, with the central...Continue Reading

The financial regulator’s complaint alleged that BKCoin raised roughly $100 million from investors to invest in crypto, but diverted some of the funds for personal use. The United States Securities and Exchange Commission, or SEC, has targeted an investment adviser and individual allegedly connected to a $100-million cryptocurrency fraud in its latest enforcement action. According...Continue Reading

It could be a testing few weeks for Bitcoin and risk assets, market commentators say, with Fed Chair Jerome Powell due to kick off the triggers on March 8. Bitcoin (BTC) failed to react at the March 6 Wall Street open as consensus formed around a potential violation of $20,000. BTC/USD 1-hour candle chart (Bitstamp)....Continue Reading

Discover how AI crypto coins enable decentralized AI and ML networks for the secure, transparent exchange of data and value. Are AI cryptocurrencies safe? The security of AI cryptocurrencies is influenced by a number of elements, including market sentiment, government regulations, the technology employed and the security procedures in place.  While using AI in the...Continue Reading

Babel reportedly owes $524 million worth of Bitcoin, Ether and other tokens due to “risky trading activities” by co-founder Wang Li. Babel Finance, one of cryptocurrency lending firms shaken by the bear market of 2022, is exploring new restructuring opportunities involving minting a new token. Babel co-founder Yang Zhou is planning to build a new...Continue Reading

A look back on a highly technical Bitcoin conference hosted in London, in which ordinals, silent payments and the Lightning Network were studied and discussed. The Bitcoin (BTC) bear market builders convened in London, United Kingdom, during the Bitcoin-only conference “Advancing Bitcoin.” Common Bitcoin conference vernacular, words like “macro,” “shitcoin,” or “debt spiral” were absent...Continue Reading

Should the International Monetary Fund leave the door open for developing countries struggling with inflation? “Bitcoin was made for the Global South.” There’s been little sunlight this crypto winter, so it may seem odd to present the “Bitcoin as legal tender” argument again. That is, will or should any country — other than El Salvador...Continue Reading

The supreme court of Nigeria says no to naira redesign, rules the old banknotes to remain in circulation. The supreme court of Nigeria has ruled that the old N200, N500, and N1,000 naira notes remain in circulation till Dec. 31, 2023, effectively nullifying the naira redesign previously announced by Nigerian President Muhammadu Buhari. The introduction...Continue Reading

Local police in Singapore sent an email on Monday saying that they have begun a probe connected to Do Kwon’s Terraform Labs. Local authorities in Singapore announced they had begun a probe that is connected to Do Kwon’s Terraform Labs. According to a Bloomberg report, Singaporean police sent an email on March 6, which said,...Continue Reading

Bybit is set to roll out Mastercard-powered debit cards, allowing users to pay for goods and services with cryptocurrency holdings. Bybit is set to launch a new debit card offering that will allow users to make payments and withdraw cash using cryptocurrency holdings. The Bybit Card will operate on the Mastercard network and will allow...Continue Reading